Overview
Description
The company provides a comprehensive range of CTV services, including drone inspections, crew transfers, blade repairs, and ROV works with an emphasis on Quality, Health and Safety, and Environmental (QHSE) protection.
Utilising a team of in-house experienced staff, it offers marine civils, time charters, project contracts, and short-term voyage charter solutions.
The company is based in the UK but able to operated in the EU under cabotage regulations with the option to re-flag to some EU locations.
The acquisition would be an ideal opportunity to enter the CTV market in the UK and Europe, with substantial scope for expansion.
The company is offered for sale to facilitate retirement plans.
Prominence in a niche sector with strong standing in the UK and European markets, presenting significant scope for further expansion into Asia and America.
Ability to operate in the EU under cabotage regulations, and a Home Office licence to obtain Skilled Worker visas for non-UK nationals, enabling staff to work in both the UK and EU.
ISO 9001, 45001, and 14001 accredited.
Team of qualified and experienced in-house staff who can continue with the daily operations of the business, following the completion of the sale.
Operates from leasehold premises situated in a prime location, with proximity to the coastline and vessel storage space.
Turnover of circa £4.1m in YE23.
Adjusted EBITDA of circa £600k achieved in the same year.
Year-on-year growth with an average of circa 30% gross profit margin.
High rate of client retention with pipeline of high value work expected in 2023.
Strong market stability unaffected by economic downturns such as Covid.
Maintains strong gross profit, averaging in excess of £1m across the last three years.
Offers invited.
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